Common use of Rescission or Termination Clause in Contracts

Rescission or Termination. A Member Agency may withdraw from this Agreement pursuant to section 9.04. The Authority shall wind up its affairs and dissolve upon withdrawal by the second-to-last Member Agency to do so. The Authority may wind up its affairs and dissolve and the Authority terminated by unanimous written consent of the Member Agencies. Any such dissolution shall be consistent with this section 9. This Agreement shall terminate with dissolution of the Authority except as respects insurance and indemnities which the Board may identify to survive that dissolution.

Appears in 2 contracts

Sources: Joint Exercise of Powers Agreement, Joint Exercise of Powers Agreement

Rescission or Termination. β€Œ A Member Agency may withdraw from this Agreement pursuant to section 9.0410.04. The Authority Agency shall wind up its affairs and dissolve upon withdrawal by the second-to-last Member Agency to do so. The Authority Agency may wind up its affairs and dissolve dissolve, and the Authority terminated Agency terminated, by unanimous written consent of the Member Agencies. Any such dissolution shall be consistent with this section 98.01. This Agreement shall terminate with dissolution of the Authority Agency except as respects insurance and indemnities which the Board may identify to survive that dissolution.

Appears in 1 contract

Sources: Joint Exercise of Powers Agreement